You want to buy a bond that has a quoted price of $923. The bond pays interest semiannually on April 1 and October 1. The coupon rate is 6%. What is the clean price of this bond if today's date is June 1? Assume a 360-day year.
A) $927.62
B) $923.00
C) $923.23
D) $936.85
E) $1,076.83
Correct Answer:
Verified
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